Advantages of a bill of quantities or take off

 

A bill of quantities or take off is a document prepared by a Quantity Surveyor or Estimator, the advantages of a bill of quantities or take off are enormous.

 

IT provides project-specific measured quantities of the items identified by drawings and specifications in the tender documentation.

 

A bill of quantities is issued to tenderers for them to prepare a price for carrying out the works.

 

The bill of quantities assists tenderers in the calculation of construction costs for their tender.

 

This also means all tendering contractors will be pricing the same quantities.

 

Therefore ensuring a fair and accurate system for tendering.

 

At some stage in a project’s procurement process, regardless of the type of contract being used, the works will need to be quantified.

 

In order to obtain prices or to value the extent of the work and variations to issue payments.

 

A good and accurate BoQ makes this process much easier and more transparent, and removes the reliance on guesswork.

 

Before construction begins, the BoQ can inform the project budget. It can also capture any modification of any elements of the design that may be prohibitively expensive.

 

It can also help clarify quantities which means the correct materials can be procured in advance of the works starting.

 

The BoQ can provide a clear and extensive statement of the work that is to be completed.

 

It also provides a reliable base for budget control and accurate cost reporting.

 

It enables the preparation of cash flow forecasts and provides a basis for the valuation of variations, interim payments  and the final account.

 

For tenderer’s, it helps create a low-risk and low-cost tendering environment.

 

This encourages the submission of competitive bids since the risk is better understood and defined.

 

As you can see the advantages of a bill of quantities or take off to your project are huge.

 

This could potentially save you a considerable sum of money.

 

If you require a Bill of Quantities or Take off for your project, contact us at Take off Bill at plans@takeoffbill.com

 

Visit our website at http://www.takeoffbill.com

 

We are a team of Chartered Quantity Surveyors and Estimators focused on providing  quality Bills of Quantities and Take off’s.

 

Our motto is Accuracy, Efficiency and Transparency. We work to the highest standards.